Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp acquired 247,311 shares of the stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $19.65 per share, with a total value of $4,859,661.15. Following the completion of the purchase, the insider now directly owns 1,842,999 shares in the company, valued at $36,214,930.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Intercorp Financial Services Stock Performance
Shares of NYSE:IFS opened at $26.17 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.30 and a beta of 1.32. Intercorp Financial Services Inc. has a 12 month low of $17.94 and a 12 month high of $30.59. The firm's 50-day moving average is $23.90 and its 200 day moving average is $23.34.
Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $414.92 million during the quarter, compared to the consensus estimate of $423.35 million. Intercorp Financial Services had a return on equity of 8.97% and a net margin of 14.94%. Research analysts predict that Intercorp Financial Services Inc. will post 3.19 EPS for the current year.
Institutional Inflows and Outflows
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Intercorp Financial Services during the 1st quarter valued at about $31,000. Acadian Asset Management LLC increased its holdings in Intercorp Financial Services by 487.0% during the first quarter. Acadian Asset Management LLC now owns 15,145 shares of the company's stock valued at $357,000 after buying an additional 12,565 shares during the period. Cubist Systematic Strategies LLC bought a new position in Intercorp Financial Services in the second quarter worth approximately $387,000. Virtu Financial LLC purchased a new stake in Intercorp Financial Services during the first quarter worth $458,000. Finally, Quadrature Capital Ltd bought a new stake in Intercorp Financial Services during the 1st quarter valued at $559,000.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. decreased their price target on Intercorp Financial Services from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, September 12th.
Check Out Our Latest Stock Analysis on Intercorp Financial Services
Intercorp Financial Services Company Profile
(
Get Free Report)
Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.
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